Agilysys Inc Q3 Profit Increases, beats estimates

Agilysys Inc (AGYS) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $3.4 million, or $0.14 per share. This compares with $1.1 million, or $0.04 per share, in last year's third quarter.

Excluding items, Agilysys Inc reported adjusted earnings of $0.26 per share for the period.

Analysts on average had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 26.3% to $49.9 million from $39.5 million last year.

Agilysys Inc earnings at a glance (GAAP) :

-Earnings (Q3): $3.4 Mln. vs. $1.1 Mln. last year.
-EPS (Q3): $0.14 vs. $0.04 last year.
-Analyst Estimate: $0.21
-Revenue (Q3): $49.9 Mln vs. $39.5 Mln last year.

Full year revenue guidance: $195 - $198 mln

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